Banks 'Critically Exposed' To Credit Risk, Says TCA Consulting Report
LONDON--The inadequacy of current credit risk management methodologies has left banks "critically exposed" to financial disaster, according to a new survey published by London-based TCA Consulting. The report surveys available credit risk management systems, models and regulatory environments, but concludes that none of them yet offer a comprehensive solution to the problem.
Richard Watrasiewicz, head of TCA's middle office practice, says the banking industry is struggling to cope with the
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